See 10 condo, apartment projects being built in New Orleans right now

A powerful combination of lucrative historic tax credits and a growing demand for housing closer to the city center has spurred residential projects across New Orleans.

The trend is most notable in the Central Business and Warehouse districts, where seemingly every corner has a warehouse being converted into new living or retail space.

Here is a look at several new condo and apartment projects being built across the city.

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Jennifer Larino, NOLA.com | The Times-Picayune

The Standard at South Market

Address: 1001 Julia Street

Developer: The Domain Cos.

Cost: $80 million

Opening: Spring 2018

The 15-story building will house 89 high-end condos as well as ground-floor retail. It is scheduled to open in the spring as the newest addition to The South Market District, a cluster of development in the Central Business District bounded by Baronne Street, Julia Street, Lafayette Street and Loyola Avenue. The Standard will open directly next to The Beacon, a $40 million apartment building completed in 2016.

Megan McNeill, spokeswoman for The Domain Cos., said The Standard was 40 percent pre-sold as of late November, “exceeding expectations.” Tenants for the lower-level retail spots have yet to be announced.

Over its history the 12,000-square-foot masonry building at 700 Baronne Street has housed a number of companies, including the New Orleans Paint Co. and the Valspar Paint Co. Construction started in late August to convert the ground floor into a Whitney Bank branch and the upper floors into apartment units, each totaling about 2,500 square feet with three bedrooms and three baths.

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NANO LLC

At 25 feet wide and 100 feet long, Terri Dreyer, partner at NANO, said the building is the “perfect ratio” for architects to design living space. Each of the three upper floors will house a single apartment, and a 5th floor will be added to make a two-story apartment with rooftop space on the topmost floor.

Construction is expected to last between nine and 12 months, Dreyer said.